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Plastic Films & Sheets Market To Generate Revenue Of $157.5 Billion By 2025: Grand View Research, Inc.

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Plastic Films & Sheets Market To Generate Revenue Of $157.5 Billion By 2025: Grand View Research, Inc.

June 11
05:52 2019
Plastic Films & Sheets Market To Generate Revenue Of $157.5 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research,Rise in the global consumption of sustainable textiles has been a major factor driving market growth. Growing demand from application industries and rising prominence of eco-friendly and water soluble films have increased the utilization of plastic films and sheets in the global plastic films & sheets market.

According to a report,“Plastic Films and Sheets Market Analysis, By Product (LDPE/LLDPE, PVC, PA, BOPP, HDPE, CPP, and Others), By Application (Packaging, Non-packaging), By Region, And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc., The global plastic films & sheets market is expected to reach USD 157.5 billion by 2025, Rise in the global consumption of sustainable textiles has been a major factor driving market growth. Growing demand from application industries and rising prominence of eco-friendly and water soluble films have increased the utilization of plastic films and sheets in the global market.

Plastic film and sheets have attained significant popularity in applications across various industries. Active lifestyle, demographic changes and rising sustainability trend has been spurring innovation & development of plastics, thus, providing marketing opportunities in key sectors including consumer goods and food & beverages. Robust manufacturing base in the global market coupled with growing demand in emerging economies of Asia Pacific and Central & South America is likely to augment the demand in the global market over the forecast period.

LDPE/LLDPE was the largest product segment in 2016 and is expected to witness a lucrative growth rate over the forecast period. HDPE films and sheets segment is also anticipated to observe lucrative growth rate by 2025. Unique properties of HDPE sheet include abrasion resistance, good electrical properties, low friction coefficient, chemical & corrosion resistance, moisture & odor resistance, and high impact strength. HDPE is widely utilized in food packaging industry and is FDA approved, borated HDPE is used on nuclear facility applications as it offers strong radiation protection.

Key Takeaways from the report:

  • The global demand for plastic films & sheets was 46,343.9 kilotons in 2016 and is estimated to ascend at a CAGR of 4.0% from 2017 to 2025. Asia Pacific dominated the global market in 2016, followed by Europe. Emerging economies in the Asia Pacific region including India, and China, have been experiencing strong economic growth in various application industries, resulting into augmented demand towards plastic films & sheets market.

  • LDPE/LLDPE emerged as the largest product segment in 2016. Their common applications include food packaging, textile packaging, and other special applications in tents and outdoor equipment.

  • Asia Pacific plastic films & sheets market is anticipated to witness promising growth over the next nine years owing to several technological developments, especially in the food & beverage and pharmaceutical industry. In terms of revenue, the regional market is expected to progress at a CAGR of 6.7% from 2017 to 2025.

  • Key participants include Toray Industries, Inc., British Polythene Industries Plc, Toyobo Co. Ltd., Berry Global, Inc., Saudi Basic Industries Corporation, Plastic Film Corporation of America, Sealed Air Corporation, DowDuPont, Novolex, Bemis Company, Inc., and Uflex Ltd. In May 2017, Saudi Basic Industries Corporation participated in Chinaplast 2017 in order to showcase it’s efficient and innovative plastic packaging solutions across several application segments. The designs presented were lightweight and could help the end users in safeguarding the environment

U.S. plastic films & sheets market volume, by product, 2014 - 2025 (Kilotons)

Browse More Reports in Plastics, Polymers & Resins Industry:

  • Polycarbonate Sheet Market – Continuous innovations in plastic technologies and advent of cheaper interior furnishings in automobile industry lowering carbon emissions, remain the key market drivers.
  • Silicone in Electric Vehicles Market – Increasing efforts by regulatory bodies to reduce greenhouse gas emissions and lower impact of air pollution are helping the market gain significant momentum.

Global plastic films & sheets market volume, by application, 2016 (%)

 

Grand View Research has segmented the global plastic film and sheets market on the basis of product, application, and region:

Product Outlook (Volume, Kilotons; Revenue, USD Million; 2014 – 2025)

  • LDPE/LLDPE

  • PVC

  • PA

  • BOPP

  • HDPE

  • CPP

  • Others

Application Outlook (Volume, Kilotons; Revenue, USD Million; 2014 – 2025)

  • Packaging

    • Food

    • Consumer goods

    • Medical

    • Others

  • Non-Packaging

    • Construction

    • Healthcare

    • Agriculture

    • Others

Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2014 – 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa 

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grad View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/plastic-films-and-sheets-market